that kicks in, that will have a slow impact. it's not like the defense department will say stop building tomorrow. these are things in the pipeline, and these things continue for a long time before there is an impact. >> the administration can take steps to further mitigate what the see questions trace would inflict sequestration would inflict on the economy. there are things that they can do to limb the damage. the reason why there is such a big question mark hanging over there would be a deal or not the administration has run a hard line of late about tax rates needing to go up, and the decision-making process in the republican party is sort of become dysfunctional and irrational and even though they could potentially minimize the damage by voting to extend all the middle income tax cuts, they can't bring themselves to do it until after all the tax cuts expire. then obama, you know, is not necessarily bound by just that demand. he could come and ask to free up more revenue. as dan was saying, i think they hope that something in the market will make the democrats move quickly but if the

for 30 years. not any weapon is appropriate for self defense in the home. all the supreme court said is that you have a right to have a handgun in your home for self defense. they didn't say you have a right to have any kind of gun like an assault weapon and didn't say you have any right to take that gun out on to the public street and carry it with you. there are still a lot of questions to be answered by the supreme court on the scope of the second alternate. at least today as we understand it it does not ban from limiting magazines. >> background searches, limiting sale of semiautomatics and restrictions on hidden carry you don't think would be barred by the constitution. >> i don't think any of those restrictions are likely to be struck down by the supreme court. may be the biggest is the right to carry concealed weapons on the street. the supreme court said the right to bear arms is the right to carry arms but didn't make conditions. it's important to me the supreme court will say the government can require a license for anyone who wants to carry a gun on the street. >> license

air act to reduce carbon pollution from existing power plants. the natural resource defense council came out with a study that said he could use existing authority to reduce emission 20% from power plants. that would be a big deal. there are all these efficiency standards locked up in the white house that need to be set free. he could take more leadership role in the pentagon use of clean energy. the pentagon has become a leader but now it's time to expand that. if the president really took an aggressive set of actions we could actually meet this commitment that he made three years ago before the copenhagen negotiations for a 17% reduction in carbon pollution and then we could lead the way for international negotiations. >> eliot: let me just jump in on the clean air act. there is a point that people need to understand. the white house has been pretty good about issuing resolutions leading to new power plants. not existing coal burning plants. even though now regs are good, if you apply those retrospectively to existing coal plants then you would be capturing and harnessing a much b

of the capitol the house of representatives, the tea party there seems to be playing defense. i know alan west, one of your close buddies was upset that he lost, he is gone. how does it feel when you look at john boehner the speaker republican leader and he knows every day that the tea party which had held him hostage the last two years the tea party in the house is playing defense, as well it seems. >> well, i was playing more than defense. unfortunately it feels like in the house the tail continues to wag the dog. you still seem to have a leadership on the republican side in the house led by speaker boehner and eric cantor who are dug in continuing to say that they are not going to generate revenue through increasing tacker rates on the wealthiest 2% of this country. eric cantor said he would not bring the bill that is sitting over in the house having passed the senate to the floor that gives certainties to the middle class passing the tax cuts that we all agree needs to be extended right now. i'm hopeful ever hopeful that we can work together and have a balanced approach to deficit reductio

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